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Walgreens | Absolute-NNN 3809 E Belknap St 13,741 SF Retail Building Fort Worth, TX 76111 $4,120,000 ($299.83/SF) 5.37% Cap Rate
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Scheduled 5% Rent Increases Every 5 Years
- Prime East Fort Worth Location Along East Belknap Street
- ±12 Years Remaining on Long-Term Lease
- Corporate-Guaranteed Lease by Walgreens
- Located Within the High-Growth Dallas–Fort Worth Metroplex
Executive Summary
Marcus & Millichap is pleased to present a freestanding Walgreens with drive-thru pharmacy, strategically positioned along East Belknap Street in Fort Worth, Texas. The property sits within a high-visibility, established commercial corridor that connects Downtown Fort Worth, Interstate 35W, and surrounding residential neighborhoods, benefiting from strong daily traffic and consistent consumer demand.
The asset is secured by an absolute NNN lease with approximately 12 years remaining, offering investors zero landlord responsibilities and fully passive income backed by a corporate Walgreens guarantee. Scheduled 5% rent increases every five years provide built-in income growth and long-term inflation protection. The site is surrounded by national retailers, medical users, schools, and service-oriented businesses, including Walmart Supercenter, Bank of America, AT&T, CVS, Popeyes, KFC, Taco Bell, and numerous neighborhood anchors.
Located within the Dallas–Fort Worth Metroplex, one of the fastest-growing metropolitan areas in the nation, the property benefits from strong demographic fundamentals, a dense residential base, and ongoing redevelopment activity throughout East Fort Worth. With its essential retail positioning, corporate credit, and long-term passive lease structure, this Walgreens represents a secure and stable net-lease investment in a top-tier growth market.
The asset is secured by an absolute NNN lease with approximately 12 years remaining, offering investors zero landlord responsibilities and fully passive income backed by a corporate Walgreens guarantee. Scheduled 5% rent increases every five years provide built-in income growth and long-term inflation protection. The site is surrounded by national retailers, medical users, schools, and service-oriented businesses, including Walmart Supercenter, Bank of America, AT&T, CVS, Popeyes, KFC, Taco Bell, and numerous neighborhood anchors.
Located within the Dallas–Fort Worth Metroplex, one of the fastest-growing metropolitan areas in the nation, the property benefits from strong demographic fundamentals, a dense residential base, and ongoing redevelopment activity throughout East Fort Worth. With its essential retail positioning, corporate credit, and long-term passive lease structure, this Walgreens represents a secure and stable net-lease investment in a top-tier growth market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,741 SF
Building Class
B
Year Built
1997
Price
$4,120,000
Price Per SF
$299.83
Cap Rate
5.37%
NOI
$221,168
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.52 AC
Zoning
R, Fort Worth
Parking
48 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07038437 | Improvements Assessment | $1,299,921 |
| Land Assessment | $662,740 | Total Assessment | $1,962,661 |
Property Taxes
Parcel Number
07038437
Land Assessment
$662,740
Improvements Assessment
$1,299,921
Total Assessment
$1,962,661
Contacts
-
Nick Solomon -
Tyler Bindi -
Jason Fefer -
Robert Narchi -
Timothy Speck -
Marcus & Millichap
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Walgreens | Absolute-NNN | 3809 E Belknap St
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